Stock Market & Financial Investment News

BlackRock investment values Twitter over $9B, FT reportsA fund managed by BlackRock (BLK) has launched an $80M tender offer to some of Twitter's early employees, valuing the company at more than $9B, according to a Financial Times report that cites people familiar with the deal. Reference Link

BlackRock downgraded to Neutral from Buy at CitigroupCitigroup downgraded BlackRock (BLK) to Neutral citing the stock's proximity to its unchanged price target of $385. Citi's top pick in the Asset Managers space is Invesco (IVZ), followed by AllianceBernstein (AB) and OM Asset Management (OMAM), which it upgraded this morning to Buy.